Apple, Temasek eye Chinese tech firms

Apple, Temasek eye Chinese tech firms

Liam Tung  |   August 10, 2010
telecomasia.net
Thumbnail: 
China’s information technology sector is attracting more foreign investment, with Temasek taking a stake in video firm Tudou and Apple eying games developer Handseeing.
 
Temasek Holdings, the investment arm of the Singapore government, last week made its first foray into the Chinese technology sector, tipping $35 million into online video company Tudou.
 
The investment comprised the bulk of a recent round of equity funding that raised $50 million in total, according to FT.com.
 
Tudou CEO Gary Wang said it would use the investment to bolster its bandwidth and develop its presence on tablets, citing Apple’s iPad - due in China within the next three to six months - as the growth engine for demand in online video.
 
Meanwhile, Tian Bo, deputy general manager of Handseeing Information Technology, confirmed on Friday it is discussing a buy-out by Apple Chinese news agency Xinhua reported.
 
Bo said Apple was one of several companies interested in Handseeing, and that a decision on the deal would be taken by September.
 
Reports say Apple could spend up to $150 million on what would be its first Chinese acquisition, Xinhua said.

MORE ARTICLES ON APPLE, CHINA, HANDSEEING INFORMATION TECHNOLOGY, M&A, SINGAPORE, SMARTPHONES, TEMASEK HOLDINGS, TABLETSTUDOU

Liam Tung

Tell Us What You Think

Add comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <a> <p> <span> <div> <h1> <h2> <h3> <h4> <h5> <h6> <img> <img /> <map> <area> <hr> <br> <br /> <ul> <ol> <li> <dl> <dt> <dd> <table> <tr> <td> <em> <b> <u> <i> <strong> <font> <del> <ins> <sub> <sup> <quote> <blockquote> <pre> <address> <code> <cite> <embed> <object> <strike> <caption>
  • Lines and paragraphs break automatically.
  • Use <!--pagebreak--> to create page breaks.

More information about formatting options

Voices_tabs

Robert Clark
Yet another telecom service from Google
John C. Tanner
Stop me if you’ve heard this one before
Claudio Castelli/Ovum
To integrate Genesys and Enterprise divisions
Peter Ryan/Ovum
Using CRM to reach out to India's middle class
Martin Creaner
Inaction could lead to obsolescence
John C. Tanner
Deny and deflect

businessweek_industryview

Mehul Srivastava
Micromax is grabbing market share from Nokia by giving Indian consumers what they want
Ivan Pepelnjak
Address shortage and IPv6 deployment sparking an explosion in routing table growth

Frontpage Content by Category

Telecomasia.net's most popular news stories, blogs, analysis and features in the first six months of 2010

lighter_side_telecom_career

Staff writer
Turning your mobile device into its own mouse
Michael Carroll
Vice-president Li Yue to replace Wang Jianzhou